Mcubs Midcity Investment Corporation revised earnings guidance for the six month fiscal period ending December 12, 2018 and provides earnings guidance for the six months period ending June 30, 2019. For the six months fiscal period ending December 31, 2018, the company revised operating revenue from previously forecasted JPY 8,365 million to JPY 10,780 previously forecasted, operating income from previously forecasted JPY 3,491 million to 5,281 million, Ordinary income from previously forecasted JPY 2,876 million to JPY 4,577 million, net income from previously forecasted JPY 1,750 million to JPY 2,520 million and distribution per unit from previously forecasted JPY 1,750 to JPY 2,520 per share. As a result, the business outlook and distributions forecasts for the 25th Fiscal Period are revised as the assumptions for the forecast of business outlook have been reviewed based on the expectation that operating revenue will surpass the previously announced forecast by at least 10%, ordinary income and net income by at least 30%, and distribution per unit by at least 5%, respectively. The results and distributions forecasts for the 26th Fiscal Period will be disclosed based on the same assumptions.

For the six month fiscal period ending June 30, 2019, the company expects operating revenue of JPY 10,205 million, operating income of JPY 5,480 million, ordinary income of JPY 4,840 million, net income of JPY 4,839 million and JPY 2,665 per unit.

The company reported consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported operating revenue of JPY 7,924 million. Operating income was JPY 3,368 million. Ordinary income was JPY 2,769 million. Net income was JPY 2,767 million or JPY 1.727 per unit. Return on unitholders' equity was 2.1%. Net asset value per unit was JPY 84.840. Net cash provided by operating activities was JPY 3,691 million. Income before income taxes was JPY 2,769,311,000. Purchases of property, plant and equipment in trust was JPY 24,815,586,000.